Legion Partners Files Definitive Proxy Statement and Sends Letter to Primo Water Shareowners

Rhea-AI Summary

Legion Partners Asset Management, a major shareholder of Primo Water Corporation (PRMW), announced it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission regarding Primo's 2023 Annual and Special Meeting scheduled for May 3, 2023. Legion Partners encourages shareholders to vote for its director candidates using the WHITE universal proxy card. They have also sent a letter to shareholders outlining their campaign for boardroom change, which can be accessed online. The firm specializes in activist investing focusing on U.S. small-cap companies.

Positive

• Legion Partners is actively engaging for board changes, suggesting potential shareholder value improvement.
• The filing of a definitive proxy statement indicates a structured approach to influence company governance.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Legion Partners Asset Management, LLC, together with its affiliates (collectively, “we” or “Legion Partners”), is a significant shareowner of Primo Water Corporation (“Primo” or the “Company”) (TSX/NYSE: PRMW). Today, Legion Partners announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Primo’s 2023 Annual and Special Meeting of Shareowners scheduled for May 3, 2023. In addition, Legion Partners sent a letter to the Company’s shareowners, which can be downloaded and viewed at the link above (via newswire), and which can be accessed on www.sec.gov and under the Company’s profile on SEDAR at www.sedar.com.

Learn how to vote for Legion Partners’ director candidates on the WHITE universal proxy card or WHITE voting instruction form by visiting www.PurifyThePrimoBoard.com, where shareowners can download a copy of our letter, review a copy of Legion Partners’ definitive proxy statement and sign up for future updates on Legion Partners’ campaign for boardroom change.

About Legion Partners

Legion Partners is an activist investment manager based in Los Angeles, CA, focused on U.S. small-cap companies. Legion Partners seeks to generate attractive long-term returns employing deep fundamental research, a concentrated portfolio and responsible, collaborative engagement as a catalyst for value creation. Founded in 2012, Legion Partners takes a value-driven approach to managing a high-conviction portfolio on behalf of sophisticated institutional and individual investors. Learn more at www.legionpartners.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230402005055/en/

Media:

Longacre Square Partners

Scott Deveau / Dan Zacchei

PRMW@longacresquare.com

Source: Legion Partners Asset Management, LLC

FAQ

What is Legion Partners' connection to Primo Water Corporation (PRMW)?

Legion Partners is a significant shareholder of Primo Water Corporation and is advocating for changes in board governance.

When is the Primo Water Corporation's Annual and Special Shareholder Meeting?

The meeting is scheduled for May 3, 2023.

How can shareholders vote for Legion Partners' director candidates?

Shareholders can vote using the WHITE universal proxy card or voting instruction form.

Where can I find Legion Partners' definitive proxy statement for PRMW?

The definitive proxy statement is filed with the U.S. Securities and Exchange Commission and can be accessed online.